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The iPhone Upgrade Program is being replaced by Apple Upgrade

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Re: The iPhone Upgrade Program is being replaced by Apple Upgrade

#161

Post by Aurornis »

dzonga wrote: post #140
tw600040 wrote: post #130

Earlier quoted context omitted.

Someone who won't have that $433 has no business even thinking about a 1200$ phone in the first place

you overestimate the financial health of most Americans. most people live on credit cards as bridge finance between paychecks. when I mean most people - I mean 50% of the population.

The median US household has a net worth of $200,000. Even a 50th percentile US household is very wealthy by global standards.

Credit card statistics are heavily manipulated because it's easy to make them sound terrible. I don't know which factoid specifically you're referring to, but the studies about "X percent of Americans couldn't handle an emergency expense without putting it on a credit card" often use tricks like including anyone who would pay by credit card if they could. I remember reading some of these studies and realizing that I would have been included in the statistic because I prefer to use a credit card where I can, even though I pay it off before interest accrues.

Re: The iPhone Upgrade Program is being replaced by Apple Upgrade

#162

Post by oniony »

Zambyte wrote: post #154
dzonga wrote: post #140

Earlier quoted context omitted.

you overestimate the financial health of most Americans. most people live on credit cards as bridge finance between paychecks. when I mean most people - I mean 50% of the population.

There are phones that cost a lot less though. 50% of Americans being unable to afford iPhones doesn't mean they should just lease them. People need to stop associating so much personal sense of worth with their handheld computer. - written on my S10

Crazy you had such a pertinent message written on your S10.

Re: The iPhone Upgrade Program is being replaced by Apple Upgrade

#163

Post by ezfe »

Aurornis wrote: post #97
paxys wrote: post #89

Earlier quoted context omitted.

A refurbished iPhone 15 Pro is selling for $929 on their website right now. Trade in price for that exact model is $410. So yes they are very interested in that old phone.

I take it you’ve never purchased an Apple refurbished product? They’re in excellent condition. They do not look like 2-year used and abused trade ins. If trade-ins are going back to the refurb inventory (which I don’t know if they do) then it’s only after extensive actual refurbishment and new parts. They’re not putting it back into a box, listing it for sale, and pocketing the difference.

The ones that are not in great condition get sent to third parties and sold for slightly less. But Apple will replace the screen or battery and sell them themselves as well. I've gotten Apple refurb products with minimal signs of wear.

Re: The iPhone Upgrade Program is being replaced by Apple Upgrade

#164

Post by ezfe »

paxys wrote: post #65
nerdjon wrote: post #23

The math for the new program is kinda perplexing, my guess is that they are hoping that most people just will send in the device and upgrade. If I am reading the FAQ here properly: https://www.apple.com/shop/apple-upgrade . > If you decide to buy the device, the purchase option fee is the list price minus any lease payments you’ve made minus any remaining discounts or trade-in credit. (excluding tax and any damage fe…

> iPhone 17 pro max would be $1199 to buy (~1273 with tax) or $34.99 for 24 months totaling $839.76. So would cost 433.33 at the end of the lease to keep it A lot of people aren’t going to have that $433 at the end of the lease to purchase the device outright, and so will have to roll it into another 2-year monthly payment, and another one after that. So the goal of the program is the same as every other similar one…

It doesn't get "rolled in," since you don't have to transfer any liability to the next lease.

Re: The iPhone Upgrade Program is being replaced by Apple Upgrade

#165

Post by crazygringo »

socalgal2 wrote: post #61

I'm not sure I understand all the hate in this thread. I had a friend who bought a new Mac every year, selling his old Mac. His calculation was that it was about the same price as keeping one Mac and upgrading every 5 years. I'd consider leasing a Mac through this program. I priced one out, with the options I chose it's $8149, lease for $177 (6372 for 3yrs, 8496 for 4yrs). Yes, at the end of those 3 years I don't hav…

> I had a friend who bought a new Mac every year, selling his old Mac.

I considered that at one point, and it would have made sense based on prices alone, but it didn't work at all once I factored in having to pay sales tax on a brand-new Mac each year, and the cut eBay takes on a sale, and the fact that the eBay buyer also has to pay sales tax.

If I lived in a state with no sales tax, and could rely on selling locally with Facebook Marketplace or something, then I'd totally do it just for the infinite warranty coverage alone!

Still bugs me that states charge sales tax even on used items. It just seems wrong.

Re: The iPhone Upgrade Program is being replaced by Apple Upgrade

#166

Post by dbbk »

dgellow wrote: post #77
fckgw wrote: post #47

Earlier quoted context omitted.

They still have a 12mo lease term if you want to upgrade yearly.

Wait, do people actually upgrade yearly? I always thought it was hyperbolic

I do for my iPhone yes. It's definitely overkill and certainly not recommended for 99% of people.

Re: The iPhone Upgrade Program is being replaced by Apple Upgrade

#167

Post by maratc »

paxys wrote: post #112
quickthrowman wrote: post #93

Earlier quoted context omitted.

> A lot of people aren’t going to have that $433 at the end of the lease to purchase the device outright If someone can’t plan ahead 2 years for a $433 expense, they definitely should not have a top of the line iPhone. When my income was low I had an iPhone SE that cost $329.

Well there’s a reason Americans have $1.25 trillion in credit card debt.

Now let's count their mortgage debt.

Re: The iPhone Upgrade Program is being replaced by Apple Upgrade

#168

Post by [deleted] »

Aurornis wrote: post #161
dzonga wrote: post #140

Earlier quoted context omitted.

you overestimate the financial health of most Americans. most people live on credit cards as bridge finance between paychecks. when I mean most people - I mean 50% of the population.

The median US household has a net worth of $200,000. Even a 50th percentile US household is very wealthy by global standards. Credit card statistics are heavily manipulated because it's easy to make them sound terrible. I don't know which factoid specifically you're referring to, but the studies about "X percent of Americans couldn't handle an emergency expense without putting it on a credit card" often use tricks li…

[deleted]

Re: The iPhone Upgrade Program is being replaced by Apple Upgrade

#169

Post by Mistletoe »

Aurornis wrote: post #88
paxys wrote: post #65

Earlier quoted context omitted.

> iPhone 17 pro max would be $1199 to buy (~1273 with tax) or $34.99 for 24 months totaling $839.76. So would cost 433.33 at the end of the lease to keep it A lot of people aren’t going to have that $433 at the end of the lease to purchase the device outright, and so will have to roll it into another 2-year monthly payment, and another one after that. So the goal of the program is the same as every other similar one…

> A lot of people aren’t going to have that $433 at the end of the lease to purchase the device outright I think you're looking at this too much from the perspective of someone who wants to own the phone, not as someone who wants to consider a lease. Leases are not a new invention. A lot of people, including very financially savvy and well off people, choose to lease rather than buy depending on the circumstances. It…

Why on earth are we leasing phones now???

Re: The iPhone Upgrade Program is being replaced by Apple Upgrade

#170

Post by cronin101 »

Aurornis wrote: post #161
dzonga wrote: post #140

Earlier quoted context omitted.

you overestimate the financial health of most Americans. most people live on credit cards as bridge finance between paychecks. when I mean most people - I mean 50% of the population.

The median US household has a net worth of $200,000. Even a 50th percentile US household is very wealthy by global standards. Credit card statistics are heavily manipulated because it's easy to make them sound terrible. I don't know which factoid specifically you're referring to, but the studies about "X percent of Americans couldn't handle an emergency expense without putting it on a credit card" often use tricks li…

Net worth or net income? Being 40yo with only 200k of worth between two when you’re halfway through your working life and have had 10y of appreciation of assets isn’t very much to go forward with.
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